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Re: Does Colorado have a limit on Late Fees? - Landlord Forum thread 342148

Re: Does Colorado have a limit on Late Fees? by Tom on January 10, 2016 @12:48

                              
No, it's not 30%, but 360% ARP which would be illegal.
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Re: Does Colorado have a limit on Late Fees? by Anonymous on January 12, 2016 @12:11 [ Reply ]
How does $300 interest on $1000 rent become 360% annually? It's only 30%. In annual figures, it would be $3600 on $12000 -- still only 30%...? What do I not understand in your calculation?

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